Looking for a 4/1 risk trade
Updated
Support on $13 seems to hold for now, today a lot a volume came in the first hour pushing up the price, then the price had their retracement so on daily isn't the most bullish candle but because of volume im looking for a trade with a risk 4/1.
The target could be $22 looking for fib 0.618 of the last down movement.
On the fundamental side i read something about a lot of new accounts, nothing really impressive as far as i know, do your own research.
The target could be $22 looking for fib 0.618 of the last down movement.
On the fundamental side i read something about a lot of new accounts, nothing really impressive as far as i know, do your own research.
Note
Trade took SL
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.